Quotes of WTI crude oil continues to fall within the framework of the descending forex wave pattern Wolfe with a view to falling prices of oil WTI to below $ 40 a barrel. Quotes were able to break through the support line of the model, indicating the potential continuation of the decline.
WTI crude oil forecast November 3, 2016
Cancellation option can become a strong growth of quotations and price of oil at the time of publication of the FOMC rate decision, in which case we can expect an attempt to continue the growth of quotations.
WTI crude oil forecast November 3, 2016 suggests an attempt to fall within the framework of the continuation of the descending pattern Wolfe waves to reduce the frost level of 40 dollars per barrel.